Re:Why Are Corporations Hoarding Trillions?
by Thriptic on Thursday January 21, 2016 @06:52PM
(#10949545)
Is this really feasible in a globalized economy? If wages were constantly forced higher wouldn't companies simply offshore increasing amounts of their labor or headquarter in another country?
Re:Why Are Corporations Hoarding Trillions?
by maxxxxx on Thursday January 21, 2016 @08:28PM
(#10950087)
I don't know how you could enforce this. But as I wrote before, as long as the elite keeps capturing all gains from productivity for themselves, demand will stay low.
Maybe there are tax schemes that encourage paying higher wages but I don't know.
An easy way for demand to rise would be if wages didn't stagnate but went up with productivity. The top earners won't spend more money if you give them more. And new products won't be bought if no one can afford them.